Are you considering a new roof in 2022? There are three main ways to pay for this project. You can pay cash out of pocket, you can file an insurance claim, or you can finance the build. In these uncertain times, it is becoming more and more expensive to get a new lid put on your home. There is a labor shortage and material price increases 10-15% every quarter. At the end of January 2022, we will see asphalt shingle prices per square north of $100 in the Atlanta area. This doesn’t even include your underlayment and accessories! These are prices that just a few years ago would have been laughable.
Let’s be honest research shows that most Americans can’t come up with $1,000 if they had to by tomorrow. Because of this, it is unreasonable as a contractor to expect to see a large number of homeowners that are going to be able to keep up with the price increases that have come since 2019. However, this dilemma does not stop water from pouring into your home and causing more damage. So what can we do to help our homeowners?
One way to help our homeowners is to properly identify recent storm damage. Are your roof leaking because of natural wear & tear, mechanical damage, or storm-related damage? If it is the latter you have cause to file a claim with your home insurance provider. In that case, if they agree with the contractor’s assessment of the damage; they will pay for most of the replacement. The homeowner is responsible for the deductible and the rest is on the insurer. Sounds perfect right? Well, it has some downsides that can make it a real headache. What if they do not agree with the damage? Well in that case the homeowner is left with a full denial or a partial payment. You only have four choices in that case and they all cost you more money and time. You can hire a public adjuster, Try to take it to appraisal, sue the provider, Or pay for the rest yourself. The trick is to assess if the headache of fighting with them is worth all the time? Insurance companies have unlimited resources to drag their feet and create a nightmare for you.
In today’s world, the name of the game is speed. The faster something can get done the more satisfied the customer will be. If you find yourself in a situation where you need a roof replacement and you either can’t afford it or your insurance company is digging in to fight; you need a contractor that can offer you a quick solution. That is why financing the job is your solution. In either of the above cases, the time spent saving money or fighting with the insurance company is costing you time. Time you do not have to worry about a leaking roof nor time to think about the mounting bills to fight with your provider. When you finance the job with Big Time Roofing the approval process can take as little as 15 minutes and the money is deposited into your account within three days. That means you can start your application on Monday and have your materials ordered by Thursday. Time… that’s the real value in financing your job.